European stocks traded with losses during early hours on Wednesday following the earlier plunge on Asian markets after China released disappointing manufacturing data. All Asian indexes traded over 1% in the red, with the Hang Seng in Hong Kong sinking over 2%. Meanwhile, investors kept their focus on German, United Kingdom, and Eurozone data expected to be published later in the day.

The DAX fell 1.19% at the same time. German auto industry sector traded with significant losses with Volkswagen AG falling 2.59% at 9:19 am CET, Daimler AG losing 2.60% at 9:20 am CET, and Bayerische Motoren Werke down 2.40% at the same time. The FTSE 100 was down 1.74% at 9:15 am CET. The CAC 40 sank 2.35 at 9:16 am CET. The Eurostoxx 50 was 1.79% below the flat line at 9:17 am CET.

The euro fell 0.10% against the dollar to change hands for 1.1455 at 9:18 am CET.